Question

Stefanie opens a checking account at her neighborhood bank and writes a check on her account. The legal relationship between Stefanie and the bank can be described as:
a. a customer relationship.
b. a secured transaction relationship.
c. an agency relationship.
d. a sales relationship.

Answer 1

Answer:

c. An agency relationship

Explanation:

An agency relationship is a mutual relationship, in which one person (i.e the principle ) gives a permission to an agent so as to act on their behalf.

In this relationship the agent must consent to the instructions of the person i.e the principle.

Here in the question, Stefanie acting as Principal who has directed the agent (which is the bank in the given case ) to execute a task.